Minato Bank: Kansai Urban Pref Conversion Implications
As expected and warned earlier, Resona Holdings Inc (8308 JP), Kansai Urban Banking Corp (8545 JP), Minato Bank Ltd/The (8543 JP), and KUB/Minato...
447 Views
A Kinki Osaka Ménage à Trois?
Early this past week, during the day, the Nikkei and Yomiuri had intraday headlines suggesting that Sumitomo Mitsui Financial Gr (8316 JP) and...
477 Views
SMTH Seeks Higher Margin Assets to Offset Rising Pressures from Higher Costs of Dollar Funding
We raise our fair value estimate for Sumitomo Mitsui Trust Holdings, or SMTH, to JPY 4,300 per share, from JPY 3,600 per share previously due to...
391 Views
JPX-Nikkei 400 Periodic Review 2016: The INs and the OUTs
On Friday, Aug 5th after the close, JPX announced the changes to the JPX-Nikkei 400 index with an effective date of August 31st. That means they...
587 Views
Beware of Thinning Margins for Japan Banks, Especially as Credit Costs Normalize
Net interest margins are core to bank income, and in Japan the levels are frighteningly low. When we focus on credit cycles and regulatory change...
429 Views